NSE: MAHABANK · 23 October 2026
- Bank of Maharashtra shares fell 4.03% today, closing at ₹75.32 after moving within a day's range of ₹74.85 and ₹78.97.
- The bank submitted an intimation regarding its Environmental, Social, and Governance rating report issued by GlobeTrend Climate Impact Pvt. Ltd. on October 8, 2026. The assessment awarded the bank an overall ESG score of 74.7 out of 100, categorized as excellent performance with strong disclosure levels across all pillars.
- Trading volume was 1.36 times the 20-day average daily volume.
Why is Bank Of Maharashtra share price falling on 23 October 2026?
Bank of Maharashtra shares fell 4.03% today, closing at ₹75.32 after moving within a day's range of ₹74.85 and ₹78.97.
The broader market benchmark Nifty declined 0.39% during the session, reflecting modest overall weakness. Bank of Maharashtra's sharper pullback aligns with an ongoing correction, extending its 5-day return to -6.04% and its 20-day return to -10.45% from its 52-week high of ₹94.50.
Recent developments include the bank's intimation of an ESG rating report assigned by GlobeTrend Climate Impact Pvt. Ltd. at 74.7/100, alongside leadership adjustments such as the designation of Shri Devdatta Rokade as Chief Compliance Officer effective October 1, 2026. However, these corporate updates serve as ongoing context rather than direct catalysts for today's price action.
1.85 crore shares traded by 23 October 2026 · 03:30 PM IST. This compares with a 20-day average daily volume of 1.36 crore shares (1.36 times). The five-day average daily volume was 1.40 crore shares. Separately, the NSE report for 23 October 2026 showed 93.42 lakh shares delivered, representing 50.47% of that day’s traded volume. The same report recorded 66,388 trades.
The downward move lacks a direct same-day operational catalyst and reflects continued selling pressure following recent weak performance across a 5-day and 20-day horizon.
Latest Company Developments
The bank submitted an intimation regarding its Environmental, Social, and Governance rating report issued by GlobeTrend Climate Impact Pvt. Ltd. on October 8, 2026. The assessment awarded the bank an overall ESG score of 74.7 out of 100, categorized as excellent performance with strong disclosure levels across all pillars.
Provides institutional transparency regarding the bank's sustainability practices and non-financial risk management.
The bank announced the designation of Shri Devdatta Rokade, Chief General Manager, as the Chief Compliance Officer effective October 1, 2026, pursuant to regulatory requirements under SEBI listing regulations.
Strengthens senior management execution and regulatory oversight following prior internal transitions.
Bank of Maharashtra reviewed and revised its Marginal Cost of Funds Based Lending Rates across various tenors effective September 30, 2026. The one-year MCLR was adjusted to 9.05% per annum from the previous 9.00%.
Directly impacts loan pricing structures and net interest margins for retail and corporate borrowers.
Superannuation of Mr Amit Srivastava as Chief Vigilance Officer of the Bank effective. September 30, 2026.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 6.78% on 30 September 2026. This compares with 6.76% on 30 June 2026, a change of +0.02 percentage points.
The filing reported 36 MF/UTI holders.
Research & Brokerage Views
What to Watch Next
- Upcoming financial results and quarterly performance announcements
- Delivery volume trends and cash market participation levels relative to the 20-day average volume
- Credit growth and asset quality metrics across retail and MSME segments
- Management commentary on margin trajectories following recent MCLR adjustments
Other Dated Coverage
- Bank Of Maharashtra Share Price Today: Why MAHABANK Is Falling 1.37% | 21 October 2026 — 21 October 2026
- Bank Of Maharashtra Share Price Today: Why MAHABANK Is Falling 4.43% | 15 October 2026 — 15 October 2026
- Bank Of Maharashtra Share Price Today: Why MAHABANK Is Rising 4.15% | 7 October 2026 — 7 October 2026
More Bank Of Maharashtra news and dated analysis →
Frequently Asked Questions
What is the latest Bank Of Maharashtra company news?
The bank submitted an intimation regarding its Environmental, Social, and Governance rating report issued by GlobeTrend Climate Impact Pvt. Ltd. on October 8, 2026. The assessment awarded the bank an overall ESG score of 74.7 out of 100, categorized as excellent performance with strong disclosure levels across all pillars.
How strong was Bank Of Maharashtra’s trading volume?
1.85 crore shares traded, 1.36 times the 20-day average daily volume. The price and volume data are dated 23 October 2026 · 03:30 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.